Real Estate Tech Accelerator Elmspring Accepts Applications for Next Session
Summary
Founded in 2013 by real estate entrepreneurs and Principals at Elmdale Partners, Thomas Bretz and Adam Freeman and led by executive director Bob Gillespie, the elmspring accelerator is a seed-stage technology accelerator that focuses solely on the real estate industry.set to launch next summer, the four-month intensive program support startups in bringing their ideas to market.Each participating startup receives seed capital, access to a network of mentors and strategic partners, such as Century 21 Affiliated and Harrison St., office space at the tech hub 1871 Chicago and other professional services and resources.The program culminates with a Rush event where participants demonstrate their products for serious investors.The latest session of the accelerator, elmspring 2016, mentored 10 businesses, including ParqEx, a private parking marketplace enabling non-commercial parking owners to rent their underutilized parking spots, which closed on $1.2m in funding.